Justice Mojisola Dada of an Ikeja Special Offences Court has sentenced former President Olusegun Obasanjo’s in-law Dr. John Abebe to seven-year imprisonment for laundering and forgery.
Justice Dada however gave the convict an option of fine of N50million to be paid within 30days in lieu of imprisonment.
The trial judge handed the judgement after it was established that the prosecution proved its…
Passengers complain that petrol pump station prices are approaching 400 N/litre.
January 30, 2023
Petrol consumers have continued to groan under the burden of skyrocketing prices, as Premium Motor Spirit almost hit N400 per litre over the weekend.
The research over the weekend showed while stations belonging to the Major Oil Marketers Association of Nigeria were selling…
The government is planning a PoS agent for its 800 million money transfer program.
January 30, 2023
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has said that the Federal Government will deploy Point-of-Sales agents for cash transfers during the National Social Safety Net Programme Scale Up.
She said this while hosting the Executive Director…
The Central Bank of Nigeria has extended the deadline for exchanging old naira banknotes for new ones until February 10, 2023, CBN said in a statement on Sunday.
Apex Bank is adding “a 10-day extension from Jan 31, 2023 to Feb 10, 2023 to enable more collection of older banknotes,” said CBN Governor Godwin Emefiele.
He also pointed out that Nigerians can directly deposit their old…
The Central Bank of Nigeria has confirmed that the January 31 deadline for the old 200, 500 and 1,000 naira banknotes has not changed.
This is due to calls coming in from various parties asking and asking that Apex Bank change its reasoning and extend the deadline to give…
Ahead of January 31, when the Reserve Bank of Nigeria is due to write off the N1000, N500 and N200 banknotes, several major churches, schools and retailers have set deadlines for returning the old currency.
This happened when several commercial banks closed ATMs in Lagos…
Nigeria falls behind Ghana, Kenya, and 12 other African countries in innovation.
January 3, 2023
Nigeria, the biggest economy on the continent, is behind Mauritius, South Africa, Morocco, Tunisia, Botswana, Kenya, Ghana, Namibia, Senegal, Tanzania, Rwanda, Madagascar, Zimbabwe, and Cote D’Ivoire. The countries are ranked ahead of Nigeria because they grew investments in research and development and intellectual property fillings.
According to the latest Global Innovation Index, scientific…
The Transcorp Hilton hotel has illuminated its surroundings as Nigeria gets ready for the holiday festivities.
At a “Christmas Tree Lighting Ceremony” in Abuja, Bulent Tarlan, the hotel’s general manager, invited guests and stakeholders.
The Chief Executive…
The MD of Polaris Bank emphasizes the need of addressing cybersecurity concerns
December 17, 2022
In order to secure the security of the online banking environment, Adekunle Sonola, managing director of Polaris Bank Limited, has emphasized the necessity to address the core concerns of human capital, technology, and third-party stakeholders.
According to Sonola, achieving…
The Board has been given permission by the shareholders of Dangote Cement Plc, the largest cement producer in Africa, to repurchase up to 10% of the company’s outstanding shares as of the resolution’s effective date.
At the Dangote Cement Plc. Extraordinary General Meeting (EGM), which took place on Tuesday, December 13, 2022 in Lagos, this motion and others were approved.
What is…